Date posted: 14/08/2019

Submission on the expansion of the Reportable Tax Position Schedule to large private companies and corporate groups

Comments to the ATO on its proposal to expand the Reportable Tax Position Schedule to large private companies and corporate groups.

In this submission, the key points highlighted by CA ANZ are as follows:

  • The proposed extension of the RTP Schedule to large private companies warrants a deferral of the 2020 start date
  • The extent to which the current RTP questions require investigation of prior arrangements should be eliminated or reduced. Consideration should be given to a more bespoke approach to the RTP for CPs.